Magnificent 7 Now Represent Nearly One-Fifth of Global GDP in Market Value — Raising Questions About Power, Risk, and the Future of Competition
Magnificent 7 Now Represent Nearly One-Fifth of Global GDP in Market Value World nominal GDP (annual, 2024 data used as baseline): ~$111.25 trillion Sum of market capitalizations (approx., Nov 2025): ~$21.17 trillion Apple ≈ $4.03T; Microsoft ≈ $3.78T; Nvidia ≈ $4.55T Alphabet ≈ $3.44T Amazon ≈ $2.49T Meta ≈ $1.52T Tesla ≈ $1.36T In a striking illustration of the growing influence of Big Tech, the combined market capitalization of the so-called “Magnificent 7” — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla — has surged to roughly $21.17 trillion, according to the latest public market data. With global nominal GDP estimated at about $111.25 trillion, the seven companies together represent nearly 19 percent of the world’s total yearly economic output when measured against their market value. While market capitalization and GDP measure different things — one captures investor expectations of future earnings, the other measures yearly e...